Though the framework in the foreseeable future is not a replacement of institutions such as SIAC and LCIA, it is a bid to put India as a suitable arbitration avenue down the line.

Gameskraft does not raise the question of whether clarificatory amendments are constitutionally permissible. They are, and this article does not argue otherwise. The issue is the absence of any rigorous gatekeeping before the label is applied.

GARUDA is a well-designed and largely welcome structural reform. Its concerns are real, and practitioners advising on AIF launches should not treat the new regime as risk-free simply because it is faster.